Grupo Bimbo Stands Out in Time's List of "World's Best Companies"

Rhea-AI Summary

Grupo Bimbo, the global bakery leader, has been recognized for the second consecutive year on Time's list of the "World's Best Companies". Notably, it ranks among the top 10 global food companies and places 127th out of 1,000 overall. The selection criteria include employee satisfaction, revenue growth, and ESG actions. Employee satisfaction was assessed via surveys in over 50 countries, including feedback from 170,000 participants. Revenue growth considered companies with at least $100 million in 2023 revenues and positive growth from 2021-2023. ESG performance was evaluated using Statista’s ESG database. This inclusion highlights Grupo Bimbo's exceptional global performance.

Positive

• Grupo Bimbo ranked among the top 10 global food companies.
• Overall ranking of 127th out of 1,000 companies.
• Positive revenue growth from 2021 to 2023.

Negative

• None.

• For the second consecutive year Grupo Bimbo appears in the list, standing out within the top 10 global food companies.
  
• To be part of the list, Time and Statista evaluate companies' performance in employee satisfaction, revenue growth and ESG actions.

HORSHAM, Pa., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Grupo Bimbo, the leading global bakery company, appears for the second consecutive time in the list of the “World's Best Companies”, made by Time magazine and the market research provider, Statista. The Mexican company stands out for being part of the top 10 in the global food category and for appearing in 127th place out of 1,000 in the overall ranking.

The "World's Best Companies 2024" ranking is the result of an exhaustive analysis to identify the world's best-performing companies. The selection is based on three main dimensions:

• Employee satisfaction: Surveys were conducted in more than 50 countries, with data collected from approximately 170,000 participants. In the evaluation, companies gave direct and indirect recommendations, as well as employer ratings of verified employees for image, environment, working conditions, salary, and equality.
• Revenue Growth: Companies were considered if they had revenues of at least $100 million in 2023 and positive revenue growth between 2021 and 2023.
• Sustainability (ESG): Assessed based on ESG data between the standardized KPIs of the Statista ESG database and specific data research.
  

Inclusion in this list reinforces Grupo Bimbo's reputation as a company with exceptional performance on a global scale. 

The World's Best Companies ranking includes companies from various industries, such as retail, manufacturing, engineering, automotive, and services. The list includes Microsoft, Apple, Alphabet, Meta, Accenture, and Pfizer.

To learn about the "World’s Best Companies" list, visit: https://time.com/collection/worlds-best-companies-2024/

About Grupo Bimbo

Grupo Bimbo is the leader and largest baking Company in the world and a relevant participant in snacks. Grupo Bimbo has 227 bakeries and plants and more than 1,500 sales centers strategically located in 35 countries throughout the Americas, Europe, Asia and Africa. Its main product lines include sliced bread, buns & rolls, pastries, cakes, cookies, toast bread, English muffins, bagels, tortillas & flatbreads and salty snacks, among others. Grupo Bimbo has one of the largest direct distribution networks in the world with more than 58,000 routes and over 152,000 associates. Its shares trade on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and in the over-the-counter market in the United States with a Level 1 ADR, under the ticker symbol BMBOY.

Media contact

• Mario Sánchez, mario.e.sanchez@grupobimbo.com
• Mauricio Villa, maurico.villa@grupobimbo.com

FAQ

What recent recognition did Grupo Bimbo receive?

Grupo Bimbo was recognized in Time's list of the 'World's Best Companies' for the second consecutive year.

Where does Grupo Bimbo rank among global food companies in Time's list?

Grupo Bimbo ranks in the top 10 global food companies.

What is Grupo Bimbo's overall ranking in Time's list of the 'World's Best Companies 2024'?

Grupo Bimbo is ranked 127th out of 1,000 companies.

What criteria were used to evaluate companies for Time's 'World's Best Companies 2024' list?

The criteria included employee satisfaction, revenue growth, and ESG actions.

What was the revenue growth requirement for companies to be considered in Time's list?

Companies needed to have revenues of at least $100 million in 2023 and positive revenue growth between 2021 and 2023.